Question
You purchased a credit default swap with notional value of $200 million at a cost of 2% a year for 5 years. What is your
You purchased a credit default swap with notional value of $200 million at a cost of 2% a year for 5 years. What is your maximum losses? At the end of year 3, the swaps reference asset is worth $0. How much money did you make? What is the percentage return?
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
